Jill Contracted to Purchase Kevin's Automobile Under the Belief That

question 64

Multiple Choice

Jill contracted to purchase Kevin's automobile under the belief that she could sell it at a profit to Linda,but after Jill bought the car,she found out that Linda isn't interested in buying it.Jill:

• A) cannot void the contract with Kevin.
• B) can rescind the agreement with Kevin.
• C) could rescind the agreement with Kevin if she was mistaken in her estimate of the value of the auto.
• D) can sue Linda for detrimental reliance.

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Definitions:

Months

Units of time into which a year is divided, normally consisting of 28 to 31 days.

Deposit

A sum of money placed or kept in a bank account, usually to gain interest.

Interest

The charge for borrowing money or the return on investment of saved funds.

Months

Units of time, each approximately 30-31 days long, used to measure durations and periods in the calendar year.